Brokerages Set The Toronto-Dominion Bank (TSE:TD) Target Price at C$106.33

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$106.33.

A number of brokerages have issued reports on TD. Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday, September 30th. Royal Bank Of Canada raised Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$93.00 to C$120.00 in a report on Friday, October 3rd. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Desjardins lifted their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Barclays lifted their price target on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an “underweight” rating in a report on Friday, August 29th.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD opened at C$113.35 on Wednesday. The stock has a market cap of C$198.57 billion, a PE ratio of 9.70, a PEG ratio of 1.22 and a beta of 0.95. The business has a fifty day moving average of C$107.86 and a two-hundred day moving average of C$99.17. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$114.24.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 35.70%.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the acquisition, the director directly owned 3,292 shares of the company’s stock, valued at C$370,810.88. This represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 39,376 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$4,412,868.32. Insiders sold 84,384 shares of company stock valued at $9,456,915 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.